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Energy & Environment

Gross turnover of Rompetrol Rafinare drops 35 pct in first 9 months

Thursday, November 19, 2020

Rompetrol Rafinare, a member company of KMG International, recorded in the first 9 months of 2019 a gross turnover of 2.5 billion dollars, a drop by 35.8 pct compared to a result of 3.9 billion dollars in the same period of last year, informs the company in a release sent on last Friday.Net losses clocked in at 156.1 million dollars, an increase of 480 pct over the losses of 26.9 million dollars recorded in the similar period of 2019.These descending ...

Electricity consumption in Romania declines 5.1pct, Jan.-Sept. 2020

Thursday, November 19, 2020

Romania's final electricity consumption reached 39.3 TWh in the first nine months of 2020, down 5.1% from the same period last year, according to a press statement released by the National Institute of Statistics (INS) on Friday.Public lighting decreased by 8.1%, and household consumption increased by 3.6%.Electricity exports were 3.673 billion kWh, up 1.095 billion kWh.Own technological consumption in networks and stations was 3.8 billion ...

Romgaz and Petrom want to produce hydrogen in a wind farm in Dobrogea

Thursday, November 19, 2020

Romgaz and OMV Petrom, the biggest local energy company, could partner to develop a hydrogen production facility near a wind farm in Dobrogea, according to Niculae Havrilet, a state secretary in the Ministry of Economy and Energy. The plant would use electricity to produce hydrogen through hydrolysis - to be later used in automobiles and energy generation applications. It would be the first such project in ...

Nuclearelectrica posts 15% higher profit in first nine months

Thursday, November 19, 2020

Nuclearelectrica, which operates Romania’s Cernavoda nuclear power plant, announced a net profit of RON 477 mln (EUR 98 mln) in the first nine months of this year, up 14.8% compared to the same period of 2019.   The company’s operating income declined by 1.8% year-on-year, to RON 1.78 bln (EUR 366 mln), as a slightly lower sale price on the competitive market compared to the same period of 2019 counterbalanced ...

Transgaz has investment projects worth 1.1 billion euros this year

Thursday, November 19, 2020

Transgaz has 1.1 billion euros worth of investment projects this year, aimed at achieving goals not only of national interest, but also goals that benefit the European Union, Prime Minister Ludovic Orban said on Thursday after visiting the Transgaz National Society.He welcomed the completion of a "soul project", the Ungheni - Chisinau gas pipeline, which "will allow the citizens of the Republic of Moldova to benefit from the Romanian gas".The ...

EBRD: How the Platform on Sustainable Finance will help define our green future

Thursday, November 19, 2020

With an ever more ambitious global green agenda coming into focus, states, markets, blocs and businesses are working to go carbon-neutral in time to keep world temperature rises from exceeding 2C and, preferably, the more ambitious target of 1.5C.   But, to achieve their goals, those taking action in so many different fields – who each started by developing their own bespoke vocabulary to describe ...

Deloitte Romania advised CEZ Group in the sale of seven of its Romanian subsidiaries

Thursday, November 19, 2020

Deloitte Romania advised the Czech energy group CEZ in the sale of seven of its Romanian subsidiaries, active in ...

E.ON reaches 100 charging points for e-vehicles in Romania

Thursday, November 19, 2020

Utility company E.ON Energie Romania, part of German group E.ON, has installed about 100 public and private charging points for electric cars in Romania through the E.ON Drive project.   Most charging points are in Bucharest and in the Moldova region, where E.ON also runs electricity distribution operations.The charging points can be found through the E.ON Drive online platform and mobile ...

Increased interest from local authorities for the exploitation of geothermal waters

Thursday, November 19, 2020

During the last year, the National Agency for Mineral Resources (ANRM) has intensified the procedures for granting the administration of geothermal water sources to the territorial administrative units (UAT).   In an interview for Energynomics, the president of ANRM Nicolae Turdeanspecified that for the western and ...

ANRM: 6-7 billion dollars should be invested in Black Sea gas reserves

Thursday, November 12, 2020

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The Black Sea can become a small North Sea, since it has has reserves of over 200 billion cubic meters, but investments of 6-7 billion dollars for their extraction, said Sorin Gal, general manager of the National Agency for Mineral Resources (ANRM) on Thursday.   He participated in the Natural Gas Forum, organized online by Financial ...

PM Orban says he is not aware of Exxon’s plans with its offshore perimeter

Thursday, November 12, 2020

The US oil group ExxonMobile hasn't informed the Romanian authorities about its intentions with the 50% stake it holds in the Neptun Deep offshore perimeter, prime minister Ludovic Orban said at B1 TV on November 8. "We are not sure, we will see what their decision will be. As far as we are concerned, [the natural gas transport system operator] Transgaz is contracting works for the ...

Lukoil wants to sell its stake in Romanian Black Sea perimeter

Thursday, November 12, 2020

Lukoil wants to sell its 87.8% stake in the EX-3-Trident perimeter in Romania's Black Sea offshore area, according to the CEO of Romanian state-owned gas producer Romgaz - which holds a minority 12.2% stake in the project.   "We received this letter from Lukoil. We will have a discussion with them. We don't know their reasons yet," Adrian Volintiru, general manager of Romgaz, told ...

Energy Ministry, reaction to CEZ Romania sale: New incentive will be well received by market

Thursday, November 12, 2020

The Romanian companies' offer to take over CEZ Romania was substantiated on commercial bases and a new incentive will be welcomed in the market, said Dan Dragos Dragan, the secretary of state in the Economy Ministry.   He participated in the Natural Gas Forum, organized online by Financial Intelligence. CEZ Group approved the sale of its stock in Romania to funds ...

Energy Ministry wants gas exploitation in Neptune Deep offshore reserve to start before 2025

Thursday, November 12, 2020

The Romanian government wants to extract gas from Neptune Deep  offshore reserve before 2025 and is preparing a suggestion for the amendment of the offshore law, said Dan Dragos Dragan on last Thursday.   He participated in the Natural Gas Forum, organized online by Financial Intelligence. The official reminded that the ministry will come with a suggestion to ...

DAM Romania will join those in Germany and Austria next spring

Thursday, November 12, 2020

The day-ahead markets (DAM, or spot) in Romania, Hungary, Slovakia, and Czechia will be coupled starting next year with those in Germany, Austria, and Poland, according to Romania's power grid operator Transelectrica.   Romania's DAM market is already coupled with those in Hungary, Slovakia, and Czechia (4M MC mechanism). The plan is to couple these markets with the spot ones in Germany, Austria, and ...

Motor fuel prices in Romania, 25pct lower than European average

Thursday, November 12, 2020

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Motor fuel prices in Romania are 25% lower than the European average, while automotive gas oil prices are 18% lower, according to the latest data provided by the Oil Bulletin of the European Commission valid for November 2.Thus, the price for one litre of Euro super 95 motor fuel in Romania is 0.923 euros, while the average of the 27 EU member states is 1.247 euros per litre.Lower prices than in Romania are in Bulgaria, at 0.899 euros per litre. The ...

Analysis of the policy of increasing the degree of connectivity to natural gas resources for the residential sector

Thursday, November 12, 2020

Transforming Europe into the first climate-neutral continent by 2050 is the biggest challenge of our time. The “Green Deal” recently presented by the European Commission is the most ambitious package of measures that will make the transition to a green and sustainable economy and calls on Member States to rethink energy system strategies quickly.   The status of ...

State aid: Commission approves €150 million Romanian scheme to support investments in district heating systems based on renewable energy sources

Thursday, November 12, 2020

The European Commission has approved, under EU State Aid rules, a Romanian scheme to support the construction and/or upgrade of district heating systems, based exclusively on Renewable Energy Sources (“RES”) in Romania.   Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This €150 ...

Europe ready to restart transatlantic climate dialogue after Trump ‘parenthesis’

Thursday, November 12, 2020

The European Commission and senior EU lawmakers said they stood ready to intensify dialogue with the US on climate change, listing car CO2 limits and green finance among areas where “real transatlantic cooperation” is again possible after the four-year “Trump parenthesis”, euractiv.com reads.   Commission president Ursula von der Leyen issued a statement on Saturday evening to ...

EC: the gas production of the EU, 19% lower than in Q1; Romania extracted 10% less

Thursday, November 5, 2020

The gas production of the European Union dropped by 19% in Q1 of this year, and the extracted quantity in Romania, the second large producer, diminished by 10% according to a report of the General Direction for Energy in the European Commission.Thus, the total production of the EU got to 30.5 billion cubic metres, against 37.7 billion cubic metres at half year last year.The Netherlands, the biggest gas producer in the community space, extracted 14 ...

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